Fire Cat, Inc. selected cost data for the year are shown below: $$\begin{array} { | l | r | }
\hline \text { Cost of Goods Manufactured } & \$ 145,500 \
\hline \text { Work-in-Process Inventory, Jan. 1 } & 19,500 \
\hline \text { Work-in-Process Inventory, Dec. 31 } & 22,000 \
\hline \text { Direct Materials Used } & 18,600 \
\hline
\end{array}$$ What is the total of manufacturing costs incurred by Fire Cat, Inc. during the year?
A) $148,000
B) $143,000
C) $22,900
D) $38,100

Question

Fire Cat, Inc. selected cost data for the year are shown below: $$\begin{array} { | l | r | } 
\hline \text { Cost of Goods Manufactured } & \$ 145,500 \
\hline \text { Work-in-Process Inventory, Jan. 1 } & 19,500 \
\hline \text { Work-in-Process Inventory, Dec. 31 } & 22,000 \
\hline \text { Direct Materials Used } & 18,600 \
\hline
\end{array}$$ What is the total of manufacturing costs incurred by Fire Cat, Inc. during the year?
A) $148,000
B) $143,000
C) $22,900
D) $38,100

Quizplus · Accepted Answer

Manufacturing costs include direct materials, direct labor, and manufacturing overhead. Adding up the total costs for these three categories yields $148,000.

Fire Cat, Inc What Is the Total of Manufacturing Costs Incurred by Fire